Which form of disciplinary action involves a situation where the employee is placed in a position of lower responsibility and pay?
A) suspension
B) termination
C) demotion
D) letter of reprimand
C) demotion
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Banks primarily make a profit by ______.
a. charging their borrowers more interest than they give their depositors b. paying a portion of customer deposits for claims, and keeping the rest c. earning a commission from each sale of stock they make d. charging fees each time they facilitate an exchange
When long-run average costs increase as a result of industry growth, there are
A. internal diseconomies. B. internal economies. C. external economies. D. external diseconomies.
Under a flexible exchange rate system, if the quantity supplied of dollars is greater than the quantity demanded of dollars, there is a:
A) balance of payments deficit and the dollar would depreciate. B) balance of payments surplus and the dollar would depreciate. C) balance of payments deficit and the dollar would appreciate. D) balance of payments surplus and the dollar would appreciate.
PriceQuantity SuppliedQuantity Demanded$00300$110250$250180$390150$4120120$515090$618050 Refer to Table 6.1, which gives the daily supply and demand schedules for cups of coffee at a kiosk in a shopping mall. If the government places a $2 per cup tax on coffee, how many cups of coffee will be bought and sold after the tax is imposed?
A. 150 B. 50 C. 90 D. 120